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The Latest Breaking News from Inflation

Market response to Australia’s new Labor government will be ‘muted’, economists say

Analysts say election of Albanese government will not ‘shift the dial’ on economic forecasts

The Guardian - AU

Baht on a tightrope

Industry leaders have urged the government to carefully manage the baht to keep its value at a rate that will benefit both importers and exporters.

Bangkok Post

Letters to the Editor — May 23, 2022

Reining in inflation

The Hindu

From analysis to the latest developments in health,
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Food security does not need this ‘surgical strike’

India’s flip-flop on the export of wheat is an example of the Government lacking a coherent policy of food security

The Hindu

‘I’d send poorer families a cheque in the post’, says George Osborne

George Osborne has urged the Government to “send a cheque in the post” to lower and middle-income families struggling with rising energy bills and inflation.

Evening Standard

Biden adviser says US economy can withstand Fed inflation fight

White House economic adviser Brian Deese stopped short of ruling out a U.S. recession as the Federal Reserve combats inflation, saying the central bank needs space to do its job.

Tribune News Service

Calls for struggling Universal Credit claimants to be given £700 emergency cash boost amid cost of living crisis

Former Conservatives leader Iain Duncan Smith has called for benefits to be increased in line with inflation to help Brits struggling amid cost-of-living crisis

Manchester Evening News

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Centre mulls spending over ₹2 lakh crore to fight inflation, say sources

Retail inflation rose to an eight-year high in April, while wholesale inflation rose to at least a 17-year high.

The Hindu

Minister urges workers to consider recession risk when asking for pay rise

A SCOTTISH minister has urged workers to consider the risk of a recession when asking for pay rises.

The National (Scotland)

Emergency DWP cash boost of £700 proposed from end of June for people on Universal Credit

Three options are being discussed, the other two being increasing work allowances back to their 2015 levels or bringing back a £20 a week uplift

Liverpool Echo

Consumers defy inflation to support economy. For how long?

With prices across the economy soaring at their fastest pace in decades, you might think Americans would tap the brakes on spending

The Independent UK

DWP Universal Credit claimants could get £700 emergency cash boost from end of June

The move would mean 4.2 million households would gain an average of £729 a year

Nottingham Post

DWP emergency £700 cash boost proposed from end of June for those on Universal Credit

Other options put forward include bringing back the £20-a-week uplift paid during the pandemic

Chronicle Live

The food crisis is what happens when global chains collapse. We might need to get used to it

War in Ukraine is the latest threat to the whole intellectual edifice of globalisation

The Guardian - UK

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The Guardian - UK

Fear of 12% interest on student loans will put many off university, top Tories warn

Inflation-linked rise will deter poorer school-leavers from entering higher education in England and Wales, say former ministers

The Times of India

Petrol, diesel to be cheaper from today in Gujarat

AHMEDABAD: Providing relief to consumers and industry reeling under high fuel prices and inflation which is at a multi-year high, prices of petrol and diesel will reduce a bit from Sunday.

The Guardian - UK

Gap between inflation rates for richest and poorest households at its widest in 16 years

With the poorest disproportionately hit by the cost of living crisis, senior Tories are demanding emergency action from Treasury

Tribune News Service

French debt levels back in focus as government gets to work

France’s new government reaffirmed the country’s pledge to lower debt after the COVID-19 pandemic forced President Emmanuel Macron to carry out an unprecedented spending splurge to prevent the economy from crashing.

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news in one place.

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Wales Online

Cost of living gap between rich and poor is highest on record – report

Experts say that low-income families are 'at the sharp end of the squeeze'

Daily Mirror

Boris Johnson believes help for families would 'shovel cash to appease bleeding hearts'

Boris Johnson is reportedly resisting the idea of spending a windfall tax on energy firms on giving immediate help to families with the cost of living crisis, because it would be "here today and gone tomorrow"

Manchester Evening News

More children to be pushed into poverty in city-region without government intervention, study says

The research comes as the cost of living crisis continues to hit families across the region.

StockNews.com

Off Target?

There was reason for optimism earlier in the week as the S&P 500 (SPY) advanced nicely after skirting bear market territory. But then on Tuesday WalMart had shockingly poor earnings which was easily ignored. Unfortunately the next day Target reported even worse results and the investment world took notice with…

The Guardian - UK

The Bank of England fears worker power, but most are taking a real-terms pay cut

Conditions have improved for a select few but on wages and flexible hours, the trend for employees is generally backwards. Can the rate-setters grasp that?

Daily Mirror

Sex Pistols drama charts rise and fall of punk band who mocked the Queen at Jubilee

They may have only last two and a half years before self-destructing but decades on the Sex Pistols' punk legacy lives on in an era eerily similar.

The Independent UK

Hundreds of staple grocery items cost 20 per cent more than they did in 2020, study finds

The availability of own-label budget ranges has also fallen

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